You see, politicians are all just impotent victims and there is nothing at all they can do to control rents and cool down house price bubbles and their inaction (or even actions that help stoke the prices up) have nothing to do with them putting first and foremost the further enrichment of those who have the most riches /s
Rent has doubled everywhere in the past few years. Real estate industry is to blame
If only.
I live in Portugal which has a similar massive house price bubble, especially in the main cities of Lisbon and Porto, and the âinvestorsâ, foreign or otherwise, seldom buy run down places to renovate, much less actually build anything: thereâs no need to do it when the market is so tight and the bubble so massive that merelly buying anything and sitting on it (not even rent it) will yield you 14% a year, and way more than that if you AirBnB them (realestate âinvestorsâ donât put their houses in the normal rental market when they can make 4x as much from short term lets to turists).
What you describe mightâve happenned back when prices were just slowly trickling up and there was no âmake money fastâ scheme of turning habitation spaces into mini-hotels so âinvestorsâ had to actually activelly add value to the dwellings they bought in order to extract a better profit, but nowadays thanks to most governments doing all that they can take to pump up house prices - as it makes GDP figures go up plus most top politicians are at the right wealth level to themselves be housing âinvestorsâ - simple ownership of such assets yields great returns without lifiting a finger and in touristic places renting them via AirBnB can double or triple that yield with litterally no more investment than having the place painted and adding some IKEA furniture with no need for paying for and spending time in proper renovations.
I think your statment here is actual in reverse of what you may want to point out.
An increase in rent shows a induced demand for the property. More people are wanting to live in this location, thus the rents have gone up because of this demand. The rent did not go up because of the cost of installing those trees, but because the trees are there.
Similarly homes located near public parks, schools, hospitals, or transit may have a higher price tag because more people want said properties.
You mean shitty places with no amenities rent for the same as desirable locations because of algorithms? TIL
Honestly? Looks like shit.
Its unkempt and chaotic. At first glance I thought it was an abandoned street that was overtaken by wild overgrowth.
This looks great, but I feel like the trees might become a problem to the adjacent buildings when they mature, unless theyâre the type of trees that only grow tall and skinny?
It took two years to do the transformation. Do you think itâll be difficult to do another transformation when the time comes?
Dude, there are whole industries based on cutting down trees once they have grown.
What are you smoking? ⌠can I have some?
Were I live there is a tendency to put trees in holes (about 1m wide) on the road side of the sidewalk - which puts them at least 1m away from the houses, generally more - and unless they get really tall (20m + tall) their roots are only really a problem for the sidewalk itself (which gets raised and bumpy) and even in this it depends on the kind of tree (so, for example, pine or oak are a problem but not orange trees).
I donât remember even seeing even the kind of brick wall that might surround a property cracked due to such nearby trees, much less actual buildings. Mind you, buildings over here are made of brick and concrete and have actual foundations.
Street trees are trimmed regularly in France when itâs needed. People enjoy to see the green and the added privacy when it reaches their windows.
Id be worried about the roots fucking up the sidewalk and foundations not the greenery.
I have seen it happen with old trees, but I think now they have either species or techniques to avoid that. Trees in streets are very common in France, itâs not a recent thing. Thereâs even a specific term for streets with trees: âavenueâ, although many people use it without knowing.
Not every tree essence grows as much as oak. I know some linden trees, older than I am, that were pruned properly one or twice a year and have kept a manageable size. I think hackberry tree donât get much thick with time and there essences of tree that are chosen to be put in the street because they donât grow that much in European climate.
Cool, ticks right at your front door!
How does one get off the sidewalk?
Between the bushes. How would one get off the sidewalk with the cars parked in the way?
![[Misc] Less parking more green evolution in a Parisian street(jlai.lu)](https://jlai.lu/pictrs/image/b287d811-fc24-4f77-a20d-7a52f5d7dc1c.jpeg){kind=link}